Week 4 Notes
Popular in Business, Government, and Society
BUS G 202
verified elite notetaker
Popular in Business
This 2 page Class Notes was uploaded by Kaitlyn Palmer on Thursday February 19, 2015. The Class Notes belongs to BUS G 202 at Indiana University taught by Ellie Mafi-Kreft in Spring2015. Since its upload, it has received 89 views. For similar materials see Business, Government, and Society in Business at Indiana University.
Reviews for Week 4 Notes
Report this Material
What is Karma?
Karma is the currency of StudySoup.
You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!
Date Created: 02/19/15
Topic 2 Global IP Management in the Face of Weak Property Right Regimes 2315 Types of Property Rights 1 Communal Property Rights 0 No single owner everyone has access while it lasts Overutilization occurs no one has incentive to conserve for the future 2 Government Property Rights 0 Property decisions made by a small group of elected political representatives 3 Secure Private Property Rights 0 Give property owners incentive to o Create value with property bene t others 0 Maintain property and conserve for the future 0 Innovate and create new technologies 0 Engage in voluntary exchange 0 Preferred rights where business operate under Intellectual Property IP Rights 0 Patent Exclude others from using producing or selling 0 Ex drugs equipment appliances Trademark Word name or symbol or device used in trade with goods to indicate their source distinguishes goods from competitors 0 Ex Tiffany blue box quotThat s Hotquot Paris Hilton 0 Copyright Right to exclude others from reproducing distributing or performing work 0 Ex writings software music art movies tv programs Gary Becker39s Criminal Decision Current Utility Y0 Expected Utility 1 7tYO G 7tYO F o G payoff of crime 0 Once a particular crime is chosen the payoff is xed so it is not considered strategic to anyone 0 n probability of getting caught 0 Gov t can affect with detection technology 0 Criminals can affect this with their technology o F size of the punishment 0 Strategic variable for government Y Income 0 Changes in income to not affect the decision to commit a crime in this simple model Current Utility current satisfaction Commit crime if expected utility from committing the crime is greater than the current utility Don t commit crime if expected utility from committing the crime is less than the current utility If equal to each other cannot conclude something from it
Are you sure you want to buy this material for
You're already Subscribed!
Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'